Venezuela oil company sanctions

Trump administration imposes Venezuela sanctions on Russian oil company. "While state-owned oil company PDVSA and the Maduro regime are sanctioned by the United States broth net trading as a New Sanctions Against Venezuela's State-Owned Oil Company Continued political turmoil in Venezuela has led to additional U.S. sanctions. Venezuelan oil sales fell to a 34-year-low in 2019 after sanctions cut off trade with the U.S., until then the country’s biggest customer. Notably, the U.S. Treasury Department has exempted Chevron CARACAS, Venezuela — When President Trump slapped surprise oil sanctions on Venezuela aimed at toppling President Nicolás Maduro, exports plunged and banking froze as the effects hit harder and faster than expected. The United States has made it clear that we will consider lifting sanctions for those who take concrete, meaningful, and verifiable actions to support democratic order and combat corruption in Venezuela, including PdVSA. As Venezuela’s state owned oil company, PdVSA has long been a vehicle for corruption.

9 Oct 2019 Despite U.S.-led sanctions on Venezuela's state-owned oil company, Petróleos de Venezuela (PDVSA), oil from the country is still flowing onto

17 Dec 2019 This measure caused PdVSA to lose key international buyers, including the China National Petroleum Corporation, leaving Venezuela with a 11 Sep 2019 Russian state oil major Rosneft said Tuesday that attempts to curb its business in Venezuela would be illegal and that the United States was 19 Feb 2020 The U.S. is taking action against the rampant corruption of Maduro and his cronies by targeting Russian oil company Rosneft and Venezuelan

12 Feb 2020 The August executive order likewise authorized secondary sanctions against third party actors, leading foreign companies including Chinese

20 Feb 2020 The unilateral sanctions are aimed at tightening the US blockade of Venezuela's crisis-ridden economy. 18 Feb 2020 The sanctions, which target the oil giant's Switzerland-based brokerage firm, are the latest Trump administration effort to pressure Venezuelan 17 Dec 2019 This measure caused PdVSA to lose key international buyers, including the China National Petroleum Corporation, leaving Venezuela with a 11 Sep 2019 Russian state oil major Rosneft said Tuesday that attempts to curb its business in Venezuela would be illegal and that the United States was 19 Feb 2020 The U.S. is taking action against the rampant corruption of Maduro and his cronies by targeting Russian oil company Rosneft and Venezuelan

Citgo has long been a subsidiary of PDVSA, the Venezuelan state oil company. It would import heavy crude oil from Venezuela, then refine it and distribute it throughout the United States. Through this, cash would be provided for Venezuela’s political elite.

28 Jan 2019 National security adviser John Bolton said the move would block $7 billion in assets of Venezuela's state-run oil company and result in $11 billion

1 day ago Russian oil company Rosneft, one of the world's primary purchasers of Venezuelan oil, has seen two of its subsidiaries sanctioned by the US in

18 Feb 2020 The administration had expected that sanctions against oil and gold for Venezuela's sanctioned state oil company Petróleos de Venezuela, 12 Feb 2020 The August executive order likewise authorized secondary sanctions against third party actors, leading foreign companies including Chinese Secretary of State Michael R. Pompeo; Washington, DC; 01/28/19 Treasury Sanctions Venezuela's State-Owned Oil Company Petroleos de Venezuela, S.A. 18 Feb 2020 The Trump administration's Tuesday sanctions on a subsidiary of Russian oil giant Rosneft for trading Venezuelan oil and gas represent a 20 Feb 2020 The unilateral sanctions are aimed at tightening the US blockade of Venezuela's crisis-ridden economy.